Industry

Manu to close deposits on 2 guaranteed income products

Manulife Financial will close additional deposits on IncomePlus Versions 1 and 2 as of 4 pm on August 8, 2012.

By Melissa Shin |July 13, 2012

1 min read

More insurance products on the chopping block

Assumption Life has decided to drop their permanent insurance products, joining the list of companies that have already put the products on the chopping block and confirmed a de-risking trend is at play in the industry.

By Vikram Barhat |July 13, 2012

1 min read

AXA Equitable to pay $850,000 to clients

A New York State attorney general, Eric T. Schneiderman, wants AXA Equitable Life Insurance Company to pay $850,000 to its clients for making an undisclosed change to its medical claim reimbursement policy. Customers in New York, among others, were adversely impacted by the company’s actions, with some receiving lower reimbursements than promised. Following a communiqué […]

By Staff |July 13, 2012

1 min read

Fine Friday: Hefty penalties for illegal activity

Friday the 13th was indeed bad luck for several ex-associates from various firms. They’re being forced to pay hefty fines for outsider dealing. Here’s our roundup of these woeful employees. Former Investia rep fined $150,000 A disciplinary hearing in the matter of Punch Bun Chiu Lui, a mutual fund salesperson with Investia Financial Services, found […]

July 13, 2012

2 min read